P.M. Kitco Metals Roundup: Gold Slumps To 3-Week Low On Surging U.S. Dollar; Fresh Chart Damage Inflicted

(Kitco News) - Comex gold futures ended the U.S. day session sharply lower, hit a three-week low and closed below the key $1,400.00 level Wednesday. A stronger U.S. dollar index and weaker crude oil prices combined with a weak technical posture to pressure gold and silver prices. June Comex gold last traded down $27.80 at $1,396.70 an ounce. Spot gold was last quoted down $27.60 at $1,398.75. July Comex silver last traded down $0.689 at $22.69 an ounce.